In our latest analysis, we wrote “Dragon wants to fly high. See you at 148.000″

148.000 – 148.200 is the critical resistance zone.

Technically, I predict bullish move to continue, however, as you will see on in the chart, we have a Bearish Cypher Harmonic Pattern completed at 147.500.

We may see a minor retracement at this level and price is likely to go up again.

A deeper retracement may take place at 148.200 – 148.200 regions.

However, we will be very careful to short the Dragon. Crude Oil and GBPJPY are the most difficult instruments to trade. And once the dragon takes off, no one can estimate the limits. As they say: ” Sky is the limit”

DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money

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